The automatic stay is a major benefit of bankruptcy
The automatic stay is a major benefit of bankruptcy
Article provided by Liviakis Law Firm
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Many people struggling with financial difficulties may wonder if filing bankruptcy is the ideal solution. One of the major benefits of bankruptcy is the automatic stay. An automatic stay immediately takes effect upon filing for bankruptcy and stops creditors from taking any further actions to collect debts during the bankruptcy proceeding. This stops creditor harassment, garnishments, bank levies and also prevents creditors from filing ...